Technical Analysis 24.01.2019

EURUSD

The pair is trading within the narrow range of 1.1335-1.1400 as the ECB monetary policy meeting results are expected to be revealed. It’s most likely to drop to the lower end of the range, while remaining inside of it.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is on the level of 50% and is moving horizontally. Stoch aren’t informative.

Trading recommendations:

Sell the pair after the publication of the ECB meeting results with a possible target of 1.1335.